Meats Futures Prices

by cmdtyNewswires - 1 hour ago
Lean Hog futures traded $.22 to $1.32 higher on Tuesday, with December the strongest. The CME Lean Hog Index was down 47 cents at $78.55 on August 16. The USDA pork carcass cutout value was down $1.07 on Tuesday afternoon to $83.91. The national average base hog value was 60 cents lower in the Tuesday PM report at $69.18. Estimated weekly FI hog slaughter thru Tuesday was 962,000 head, a 28,000 head increase from the previous Monday and 51,000 head more than the same Tuesday a year ago. --- provided by Brugler Marketing & Management

by cmdtyNewswires - 1 hour ago
Live cattle futures were 27 to 177 higher on Tuesday. Preliminary open interest rose in the December and later contracts. Feeder cattle futures were 45 to 90 cents higher on Tuesday and are getting closer to the Index. The CME Feeder Cattle Index was higher by $.91 on August 19 at $137.24. August futures expire on 8/29. Wholesale boxed beef prices were mixed on Tuesday afternoon. Choice boxes were up $2.57 at $241.70, with Select boxes 25 cents lower @ $214.27. Trade ideas ahead of the Friday COF report put Cattle on Feed @ 100.8% compared to last August 1. July marketing are seen at 106.4% of last July, with placements up 0.1%. The USDA estimated the week to date FI cattle slaughter thru Tuesday was 231,000 head, the same as the previous week, and 4,000 head below the same week last year. -- provided by Brugler Marketing & Management